IF RENTERS INSURANCE REQUIRED, WHAT IS NEEDED?rentersinsurance.sdcpm.com

1: You are required to maintain a renter’s insurance policy throughout your tenancy. Even if you are not required to maintain renter’s insurance, we 
   strongly recommend that you purchase a renter’s insurance policy to protect yourself from personal injury and property damage, including losses from
    theft, fire, smoke, water damage, and vandalism
2: If renter’s insurance is required  you must maintain a renter’s insurance policy (at your cost) protecting you against claims for bodily   injury, personal
    injury and property damage arising out of your use, occupancy or maintenance of the Residence.
3: You may not do anything or allow any action that invalidates the policy. 
4: The renter's insurance may be issued by any company of your choice provided that the carrier is licensed or admitted to transact business in California, 
    and maintains during the policy term a “General Policyholders Rating” of at least a B+, V, in the most current issue  of “BEST'S INSURANCE GUIDE 
5: The property owner and SDCPM must be listed as an “additionally insured”  or "additional interest " under the insurance policy. Use for both the  owner
    and SDCPM the SDCPM mailing address . See example at EVIDENCE OF RENTERS INSURANCE: acord27.sdcpm.com
6: Before the move in date, you must deliver to us a certified copy of the insurance policy or certificates of insurance evidencing the existence and amounts 
    of the required insurance. 
7: No policy may be canceled or modified except after thirty days prior written notice to us (ten days for nonpayment).
8: At least thirty days before the expiration of the policy, you must furnish us with evidence of renewal. 
9: The policy must be on an occurrence basis and have personal liability coverage in an amount of at least $300,000, with a liability deductible of no more 
    than $500 and personal property coverage of at least $10,000
10: You will be liable for the deductible amount if an insured loss occurs. 
11: The policy may not contain any intra-insured exclusions as between insured persons or organizations. The policy limits will not limit your liability. 
12: Any insurance maintained by us and our Related Parties is only for the benefit of us and our Related Parties and you will not be named as an additional                insured. 
13: You must pay any increase in insurance premiums held by us and our Related Parties for the Property resulting from the actions, omissions, use or
      occupancy of the Residence by you and your Related Parties. Failure to maintain renters insurance is a material breach of this Agreement.
14: If we require you to get renters insurance, but you  are unable to get this due to a temporary suspension by all insurance companies in the area 
      where they will be living, you must still provide proof of coverage as stated in your rental agreement, within seven days following the date the
      suspension is lifted.
15:Add adult occupants must be named on the policy